Notably, Marketplace rates through 2016 remained 12 to 20 percent
below initial projections from the independent Congressional
Budget Office. In addition, Urban Institute researchers recently
found that 2016 Marketplace premiums were well below premiums for
comparable employer coverage. Even with this year's increases,
Marketplace premiums in 2017 will still be roughly in line with
the projections by the Congressional Budget Office.

HHS

The news comes as another blow to the Affordable Care Act (ACA),
which critics have argued simply doesn't work. And over the past
year, many companies large and small have agreed. The country's
largest insurer,
UnitedHealth, has said that it would
roll back some of its Obamacare offerings.

Oscar, a startup created specifically to facilitate the ACA, is
pulling out of markets in
Dallas and New Jersey.

Additionally, while 15 insurers will be joining the ACA
exchanges, 83 are leaving, according to the administration.

But President Barack Obama remains optimistic that the plan will
get through these growing pains.

"You're getting better quality, even though you don't know that
Obamacare is doing it," Obama said before a
crowd in Florida last week.